Osram Licht is going to be sold
A bidding consortium comprising Bain Capital and the Carlyle Group has submitted a legally binding transaction offer to the management board and the supervisory board of OSRAM Licht AG for the public takeover of all Osram shares.
Osram and the consortium have also signed an investor agreement that includes comprehensive commitments. Bain and Carlyle have assured that they will fully support the management team and work closely with the current board to drive the transformation of Osram forward. Osram will continue after the takeover under the existing name. The company headquarters remain in Munich, and the rights to all patents remain with Osram.
As part of the public takeover offer, shareholders will be offered 35 EUR per share in cash. This corresponds to a premium of around 21% compared to the last closing price of the Osram share.
Olaf Berlien, the CEO of Osram, supports the offer.